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ADB and IsDB ink landmark cofinancing agreement

16 September 2008

Landmark agreement looks to target infrastructure and utilities provision in selected countries.

Read more: infrastructure utilities development cofinancing islamic agreement asia

The Asian Development Bank (ADB) and the Islamic Development Bank (IsDB) have signed a landmark cofinancing agreement, which will allow them to work together on projects in common member countries – Afghanistan, Azerbaijan, Bangladesh, Indonesia, Kazakhstan, Kyrgyz Republic, Maldives, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.

The agreement calls on both institutions to provide up to $2 billion equivalent each over the next three...

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